Ooma (NYSE:OOMA) CFO Shigeyuki Hamamatsu Sells 27,696 Shares

Ooma, Inc. (NYSE:OOMA) CFO Shigeyuki Hamamatsu sold 27,696 shares of Ooma stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $17.64, for a total value of $488,557.44. Following the completion of the transaction, the chief financial officer owned 193,283 shares of the company’s stock, valued at approximately $3,409,512.12. This trade represents a 12.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Shigeyuki Hamamatsu also recently made the following trade(s):

• On Friday, March 6th, Shigeyuki Hamamatsu sold 10,790 shares of Ooma stock. The stock was sold at an average price of $14.22, for a total value of $153,433.80.

Ooma Trading Down 2.8%

Shares of OOMA stock opened at $17.64 on Wednesday. Ooma, Inc. has a 12-month low of $9.79 and a 12-month high of $21.96. The company has a quick ratio of 0.70, a current ratio of 0.93 and a debt-to-equity ratio of 0.55. The business has a 50-day moving average price of $16.44 and a two-hundred day moving average price of $13.51. The firm has a market cap of $485.14 million, a P/E ratio of 55.11 and a beta of 1.22.

Ooma (NYSE:OOMA) last released its earnings results on Tuesday, May 26th. The technology company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03. Ooma had a return on equity of 20.52% and a net margin of 3.17%.The company had revenue of $81.15 million during the quarter, compared to analyst estimates of $79.84 million. Ooma has set its FY 2027 guidance at 1.290-1.340 EPS and its Q2 2027 guidance at 0.330-0.340 EPS. Equities analysts anticipate that Ooma, Inc. will post 0.78 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently weighed in on OOMA. Benchmark reissued a “buy” rating on shares of Ooma in a report on Thursday, March 5th. UBS Group set a $24.00 price objective on Ooma in a research report on Wednesday, May 27th. Lake Street Capital lifted their price target on Ooma from $18.00 to $23.00 and gave the stock a “buy” rating in a research report on Wednesday, May 27th. B. Riley Financial reiterated a “buy” rating on shares of Ooma in a research report on Monday, May 18th. Finally, Citigroup reissued a “market perform” rating on shares of Ooma in a research note on Wednesday, May 27th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Ooma has a consensus rating of “Moderate Buy” and an average price target of $22.33.

Institutional Trading of Ooma

Institutional investors and hedge funds have recently modified their holdings of the stock. IFC & Insurance Marketing Inc. bought a new stake in shares of Ooma during the fourth quarter valued at approximately $34,000. Tower Research Capital LLC TRC raised its stake in shares of Ooma by 225.2% during the second quarter. Tower Research Capital LLC TRC now owns 3,620 shares of the technology company’s stock valued at $47,000 after acquiring an additional 2,507 shares in the last quarter. Meeder Asset Management Inc. raised its stake in shares of Ooma by 28.3% during the first quarter. Meeder Asset Management Inc. now owns 3,359 shares of the technology company’s stock valued at $49,000 after acquiring an additional 740 shares in the last quarter. CWM LLC increased its holdings in Ooma by 45.6% during the fourth quarter. CWM LLC now owns 4,400 shares of the technology company’s stock valued at $52,000 after buying an additional 1,378 shares during the period. Finally, Royal Bank of Canada increased its holdings in Ooma by 24.1% during the fourth quarter. Royal Bank of Canada now owns 4,466 shares of the technology company’s stock valued at $53,000 after buying an additional 867 shares during the period. Institutional investors own 80.42% of the company’s stock.

Ooma Company Profile

Ooma, Inc, headquartered in Sunnyvale, California, is a leading provider of communication services for residential and business customers. Since its founding in 2004, Ooma has built a cloud-based platform that leverages Voice over Internet Protocol (VoIP) technology to deliver voice, video and data services over broadband networks. The company went public on the New York Stock Exchange in 2015 under the ticker OOMA and has continued to expand its service portfolio to meet evolving customer demands.

For residential users, Ooma offers an all-in-one home phone service that includes its flagship Telo device, mobile and web applications, and optional smart home security features.